Lots of automated trading by firms is still happening. There could be enough people trying to buy the dip. Or doing manual day trading/active trading. Crypto co

Lots of automated trading by firms is still happening. There could be enough people trying to buy the dip. Or doing manual day trading/active trading. Crypto communities still have a huge number of believers. Or take a look at the EA community and their cognitive dissonance over SBF and the general issue of bootlicking billionaires when it comes to altruism. Not everything is rational now. Or you’re right and it’s wash trading keeping the price afloat.